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Loraine Loraine
wrote...
Posts: 4563
8 years ago
Allocative efficiency is achieved when the production is such that
A) the marginal benefit exceeds the marginal cost by as much as possible.
B) marginal cost equals zero.
C) marginal benefit is equal to marginal cost.
D) the production point is on the PPF.
E) None of the above is true.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 338 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
8 years ago
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Nala17

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wrote...
8 years ago
No problemo Happy Dummy
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